Bitcoin is trading around $64,865, almost in line with the $65,567 level that analyst Yoddha identifies as the 2024 halving benchmark. On the biweekly chart, that area has come back into focus as a key reference point. In Bitcoin, halving is the recurring cut in mining rewards that happens roughly every four years, and traders often treat it as an important marker for supply dynamics and longer cycle behavior.
Biweekly chart puts the halving zone back in focus
Yoddha says the current structure resembles earlier Bitcoin cycles. His chart points to accumulation phases that followed the 2018 and 2022 pullbacks before later breakouts took shape. Even so, he does not describe current prices as the strongest long-term buying zone. His preferred long-term accumulation area sits much lower than spot levels.
That core long-term zone is centered on $38,500. Yoddha’s chart also references $123,552 in connection with the 2028 halving cycle, though the report notes that this should not be read as a strict price target. The figure is presented more as a reflection of the view that Bitcoin’s four-year cycle still matters. For the nearer term, the main issue is whether the $64,000 to $65,500 band can hold.
Short-term rejection area sits at $65,500 to $66,200
Analyst Kaz takes a more cautious stance. He argues that after retesting resistance, Bitcoin may be starting a new leg lower. In his setup, the $65,500 to $66,200 range is a possible rejection area, and the June 22 pivot suggests the latest rally may already have marked a local top.
Kaz sets $62,300 as the first short-term downside target, matching last week’s low. Below that, the $60,700 to $62,000 region becomes a broader support and liquidity zone where price action could develop. He also says that even if Bitcoin stays range-bound, it could still test the $61,200 to $61,800 bounce area, with liquidity under recent lows pulling price downward.
A drop below $60,000 would strengthen the bearish case
In Kaz’s view, a move under $60,000 would make the bearish setup much stronger. If that happens, the area above $50,000 and then the low-$50,000s could become the next major zones on the chart. If Bitcoin breaks decisively above current resistance instead, that bearish scenario would be invalidated and the market structure would shift in a more bullish direction.
For now, attention is fixed on how Bitcoin behaves around $65,000. Analysts see that threshold as the level most likely to shape price action across the short and medium term.